This study analyzes how lease expirations affect the performance of commercial real estate (CRE) properties and how these patterns changed during the COVID-19 crisis. Even before the pandemic, lease expirations were associated with a notable increase in the downside risk to a property's...

In this study, we develop and empirically test a valuation model for a commonly encountered option in office leases: a tenant's option to renew at future market rent (a fair market value) with lease termination as the maturity date. The model integrates decision analysis with real options...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

The problem of determining optimal rents in commercial real estate leases (as credit contracts, investments and as part of the supply chain) affects many companies in various industries such as retailing, healthcare, manufacturing, leasing, etc.. The advent of companies such as WeWork,...

A sale and leaseback is an alternative to traditional financing in which the owner of an asset contracts to sell the asset and then to lease it from the buyer. This paper focuses on some of the motivations behind this decision. We find evidence supporting the primary theoretical reason for...

В статье приведены ключевые параметры развития рынка лизинговых операций в РФ; отмечено, что по своей природе механизм лизинга объектов недвижимости схож с...

Sale and leaseback transactions in India have quite a history. They have been aggressively used by leasing players and have been called as sham transactions in the past. It would not be an overstatement that leasing industry saw its end in the early 90s in India and it was largely attributable...

This study explores the relationship between a country's legal system and how its cities develop by examining the considerable variations in commercial real estate lease duration (or term) across both countries and cities. We find that the cross-country variation in lease duration and building...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

"Managing and Leasing Commercial Properties, Second Edition encompasses the business of working with shopping centers, office, medical office, and industrial properties. This edition also contains up-to-date information on sustainability and conservation strategies and programs that provide more...

Introduction -- Sustainable Building Certification and the Rent Premium: A Panel Data Approach -- Operating Expenses and The Rent Premium of Sustainable Buildings -- Sustainability and the Leasing Decision of Office Occupiers in the U.S. -- Summary, Practical Implications, and Further Research.

Financing operations through the leasing system represent a real oxygen break for the economic agents for whom investments are an essential requirement for the development of their activity. Leasing imposed itself in our country the same way it has done it before throughout the world (maybe less...

In this article we intend to present a software model, made with the help of the generator of management expert systems Exsys Proffesional / Corvid / Developer, a program to help us in the sub-stantiation decision to invest in an asset of the nature of the land or construction appealing to the...

Seit dem Jahressteuergesetz 2009 und den damit verbundenen KWG-Änderungen unterliegen Finanzierungsleasing-Unternehmen der "Bank"-Aufsicht. Während des Gesetzgebungsverfahrens standen steuerliche und aufsichtsrechtliche Themen aufgrund ihrer Bedeutung im Fokus. Weitgehend unbemerkt führten...

I estimate a theoretically and statistically satisfying model to account for the demand for lease renewals for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. The variables that together account for ninety eight percent of the variation in the demand for lease...

This article introduces dispute resolution and litigation models for commercial real estate leasing. The concepts and models developed in the article can also be applied to equipment leasing and other types of leasing

Contract Incompleteness in commercial real estate is a function of many variables and determines the long term values/benefits of leasing. This article introduces new models for contract completeness and optimal rents in commercial real estate leasing. The concepts and models developed in the...

A sale and leaseback is an alternative to traditional financing in which the owner of an asset contracts to sell the asset and then to lease it from the buyer. This paper focuses on some of the motivations behind this decision. We find evidence supporting the primary theoretical reason for...

Little is known about the effects of real estate ownership and leasing on the stock return characteristics of public firms. In this study, we first examine the sensitivity of retail firm returns to a real estate factor over the period 1998-2008. The retail industry is chosen because of the...

This paper presents a stochastic pricing model of a unique, path-dependent lease instrument common in the United Kingdom and numerous commonwealth countries, the upward-only adjusting lease. In this lease, the rental rate is fixed at lease commencement but will be reset to the market rate at...